Grain Prices Stage Comeback
On News of Wheat Conditions

CHICAGO -- Grain prices staged a comeback Wednesday, confounding market veterans who had expected the four-day sell-off to mark an end to the bull market in corn and wheat.

In trading on the Chicago Board of Trade Wednesday, wheat prices jumped higher, with the expiring May contract surging 34.50 cents to $6.760 a bushel. The bellwether July wheat contract rallied 30 cents, the maximum daily trading limit, to end the day at $5.970 a bushel. The recovery spilled over into the corn trading pits, with the May corn contract...